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ORIX (FRA:OIXA) Cyclically Adjusted PB Ratio : 1.38 (As of Jun. 08, 2024)


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What is ORIX Cyclically Adjusted PB Ratio?

As of today (2024-06-08), ORIX's current share price is €99.50. ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €72.31. ORIX's Cyclically Adjusted PB Ratio for today is 1.38.

The historical rank and industry rank for ORIX's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:OIXA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.16   Max: 1.63
Current: 1.42

During the past years, ORIX's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.65. And the median was 1.16.

FRA:OIXA's Cyclically Adjusted PB Ratio is ranked worse than
61.29% of 93 companies
in the Diversified Financial Services industry
Industry Median: 0.98 vs FRA:OIXA: 1.42

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ORIX's adjusted book value per share data for the three months ended in Mar. 2024 was €105.097. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €72.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ORIX's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ORIX Cyclically Adjusted PB Ratio Chart

ORIX Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 1.01 1.23 0.99 1.36

ORIX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 1.16 1.20 1.12 1.36

Competitive Comparison of ORIX's Cyclically Adjusted PB Ratio

For the Financial Conglomerates subindustry, ORIX's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ORIX's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ORIX's Cyclically Adjusted PB Ratio falls into.



ORIX Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ORIX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=99.50/72.31
=1.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ORIX's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=105.097/107.2000*107.2000
=105.097

Current CPI (Mar. 2024) = 107.2000.

ORIX Quarterly Data

Book Value per Share CPI Adj_Book
201406 53.480 98.000 58.501
201409 56.230 98.500 61.197
201412 54.702 97.900 59.898
201503 63.110 97.900 69.105
201506 60.052 98.400 65.423
201509 63.700 98.500 69.326
201512 65.526 98.100 71.604
201603 70.148 97.900 76.812
201606 75.056 98.100 82.018
201609 79.094 98.000 86.519
201612 76.188 98.400 83.002
201703 79.706 98.100 87.100
201706 79.209 98.500 86.205
201709 77.280 98.800 83.850
201712 77.884 99.400 83.996
201803 80.133 99.200 86.595
201806 82.282 99.200 88.918
201809 83.740 99.900 89.859
201812 86.103 99.700 92.580
201903 90.113 99.700 96.892
201906 92.227 99.800 99.065
201909 97.559 100.100 104.479
201912 97.362 100.500 103.853
202003 100.293 100.300 107.193
202006 97.090 99.900 104.185
202009 96.009 99.900 103.025
202012 95.162 99.300 102.733
202103 96.124 99.900 103.148
202106 94.600 99.500 101.921
202109 99.897 100.100 106.983
202112 102.370 100.100 109.631
202203 104.634 101.100 110.947
202206 97.806 101.800 102.994
202209 99.984 103.100 103.960
202212 97.321 104.100 100.219
202303 100.207 104.400 102.895
202306 101.999 105.200 103.938
202309 102.904 106.200 103.873
202312 103.088 106.800 103.474
202403 105.097 107.200 105.097

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ORIX  (FRA:OIXA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ORIX Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ORIX's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ORIX (FRA:OIXA) Business Description

Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

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